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Hydrogen Fuel Cell: Global Markets

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    Report

  • 198 Pages
  • April 2022
  • Region: Global
  • BCC Research
  • ID: 5575411
This report covers fuel cells used in stationary power generation and storage applications along with mobility applications. Other applications primarily include fuel cell electrolyzers. These electrolyzers use electricity as input and produce hydrogen as an output. Thus, they are not considered in the study.

Definitive and detailed estimates and forecasts of the global market are provided. The report also contains a detailed analysis of the key fuel cell types, regions, countries, applications, and ongoing trends in the market.

The fuel cell market is segmented based on a) type of fuel cell and b) application. Solid oxide fuel cells and proton exchange membrane fuel cells (PEMFC) are the major types in the fuel cell market. The applications considered in this study are combined heating and power (CHP), stationary power supply units, auxiliary power units (APU), and vehicle propulsion systems.



Report Includes

  • 44 data tables and 38 additional tables
  • An up-to-date overview of the global market for hydrogen fuel cells technology
  • Analyses of the global market trends, with data from 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the upcoming market potential for hydrogen fuel cells in stationery and transport power generation industry, future trends and innovations, and areas of focus to forecast this market into various segments and sub-segments
  • Evaluation and forecast the global hydrogen fuel cell market size for, and corresponding market share analysis by fuel cell type, application, and region
  • Discussion of the key market dynamics (DROs), technology updates, industry value chain analysis, and COVID-19 implications on the progress of this market
  • Insight into recent industry structure, current competitive scenario, R&D activities, major growth strategies, and company value share analysis based on their segmental revenues
  • Latest information on recent developments in the hydrogen fuel cell industry
  • Descriptive company profiles of the leading global players, including Bloom Energy, Cummins Inc., Delphi Automotive, General Electric, Mitsubishi Heavy Industries Ltd., Panasonic Group, Rolls-Royce Fuel Cell Systems Ltd, and Shell Hydrogen BV

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Scope of Report
  • Information Sources
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Research Reports

Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Overview
  • Technical Overview
  • History of Fuel Cells
  • Hydrogen Fuel Industry
  • Market Overview
  • Value Chain
  • Competitive Technologies
  • Government Initiatives to Promote Fuel Cells

Chapter 4 Covid-19 Impact Analysis
  • Combined Heat and Power
  • Auxiliary and Backup Power

Chapter 5 Market Breakdown by Type
  • Pemfc
  • Pem Technology
  • Sofc
  • Sofc Technology
  • Sofc Technology: Current and Developmental Configurations
  • Other Fuel Cell Types
  • Alkaline Fuel Cells
  • Phosphoric Acid Fuel Cell
  • Molten Carbon Fuel Cell

Chapter 6 Market Breakdown by Application
  • Stationary Power Units
  • Combined Heat and Power Units
  • Backup/Secondary Power Unit
  • Portable Power Units
  • Residential and Commercial (Generators)
  • Recreational and Commercial Vehicles
  • Signage
  • Anti-Idling Apus
  • Aircraft
  • Military Apus
  • Transportation
  • On-Road
  • Off-Road

Chapter 7 Market Breakdown by Region
  • Apac
  • Japan
  • South Korea
  • Rest of Apac
  • North America
  • U.S.
  • Europe
  • Ene-Field
  • Pace
  • Kfw 433 (Germany)

Chapter 8 Recent Developments
  • Recent Developments

Chapter 9 Company Profiles
  • Acal Energy Ltd.
  • Acumentrics Holding Corp.
  • Adelan UK Ltd.
  • Afc Enenrgy
  • Alpps Fuel Cell Systems
  • Alstom Technology
  • Altergy
  • Ariston Holding N.V.
  • Babcock & Wilcox
  • Ballard Power Systems
  • Bloom Energy
  • Ceres Power
  • Clara Venture Labs
  • Convion Oy
  • Cummins Inc.
  • Delphi Automotive
  • Doosan Fuel Cell
  • Elcogen As
  • Entwicklungs Und Vertriebsgesellschaft Brennstoffzelle
  • Ezelleron Inc.
  • Fuelcell Energy
  • Fuel Cell Technologies
  • Fuji Electric
  • General Electric Co.
  • George Westinghouse Research and Technology Park
  • H2E Power Systems Inc.
  • H2 Power Tech
  • Haldor Topsoe A/S/Topsoe Fuel Cell
  • Horizon Fuel Cells and Riversimple
  • Itm Power
  • Intelligent Energy
  • Kansai Electric Power Co. Inc.
  • Linde Boc
  • Logan Energy Corp.
  • Meidensha Corp.
  • Meridian Energy Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Nedstack Fuel Cell Technology
  • Palcan Fuel Cells Ltd.
  • Panasonic
  • Plug Power Inc.
  • Pohang Iron and Steel Co. (Posco)
  • Proton Motor Fuel Cell GmbH
  • Rolls-Royce Fuel Cell Systems Ltd.
  • Safcell
  • Shell Hydrogen Bv
  • Siemens Power Generation Inc.
  • Smart Fuel Cell AG (Sfc)
  • Solidpower
  • Staxera GmbH (Sunfire)
  • Sulzer Hexis AG
  • Sumitomo Corp.
  • Tokyo Gas Co. Ltd.
  • Toshiba Fuel Cell Power Systems Corp.
  • Toyota
  • Vaillant GmbH
  • Versa Power Systems Inc.
  • Violet Fuel Cell Sticks
  • Watt Fuel Cell Corp.

Chapter 10 Appendix: Acronyms and Sources
List of Tables
Summary Table: Global Market for Hydrogen Fuel Cells, by Application, Through 2027
Table 1: Hydrogen Production Processes
Table 2: Key Hydrogen and Fuel Cell Initiatives
Table 3: Key Hydrogen and Fuel Cell Initiatives
Table 4: Government-Led International Partnerships and Initiatives
Table 5: Key FC Types and Characteristics
Table 6: Overview of Cost and Performance of Fuel Cell Types
Table 7: Global Market for Hydrogen Fuel Cells, by Type, Through 2027
Table 8: Global Market for Proton Exchange Membrane Fuel Cells, by Application, Through 2027
Table 9: Global Market for Proton Exchange Membrane Fuel Cells, by Region, Through 2027
Table 10: PEMFC MEA Material Cost Summary, 1kW and 5kW, 2017
Table 11: PEMFC MEA Material Cost Summary, 10kW and 25kW, 2017
Table 12: PEMFC End Plate Cost Summary, 1kW and 5kW, 2017
Table 13: PEMFC End Plate Cost Summary, 10kW and 25kW, 2017
Table 14: PEMFC Anode Bipolar Plate Cost Summary, 1kW and 5kW, 2017
Table 15: PEMFC Anode Bipolar Plate Cost Summary, 10kW and 25kW, 2017
Table 16: PEMFC Cathode Bipolar Plate Cost Summary, 1kW and 5kW, 2017
Table 17: PEMFC Cathode Bipolar Plate Cost Summary, 10kW and 25kW, 2017
Table 18: PEMFC Assembly Cost Summary, 1kW, 5kW, 10kW, and 25kW, 2017
Table 19: PEMFC Stack Manufacturing Cost Summary, 1kW and 5kW, 2017
Table 20: PEMFC Stack Manufacturing Cost Summary10kW and 25kW, 2017
Table 21: Key PEMFC Manufacturers
Table 22: Global Market for Solid Oxide Fuel Cells, by Application, Through 2027
Table 23: Global Market for Solid Oxide Fuel Cells, by Region, Through 2027
Table 24: SOFC Anode Frame Cost Summary, 1kW and 5kW, 2017
Table 25: SOFC Anode Frame Cost Summary, 10kW and 25kW, 2017
Table 26: SOFC Cathode Frame Cost Summary, 1kW and 5kW, 2017
Table 27: SOFC Cathode Frame Cost Summary, 10kW and 25kW, 2017
Table 28: Material Properties of Commonly Used SOFC Interconnect Materials
Table 29: SOFC Interconnect Cost Summary, 1kW and 5kW, 2017
Table 30: SOFC Interconnect Cost Summary, 10kW and 25kW, 2017
Table 31: SOFC Gasket Materials
Table 32: SOFC Stack Assembly Cost Summary, 1kW, 5kW, 10kW, and 25 kW, 2017
Table 33: SOFC Stack Manufacturing Cost Summary, 1kW and 5kW, 2017
Table 34: SOFC Stack Manufacturing Cost Summary, 10kW and 25kW, 2017
Table 35: Key SOFC Manufacturers
Table 36: Global Market for Other Fuel Cell Types, by Application, Through 2027
Table 37: Global Market for Other Fuel Cell Types, by Region, Through 2027
Table 38: Key Manufacturers, Other Types of Fuel Cells
Table 39: Global Market for Hydrogen Fuel Cells, by Application, Through 2027
Table 40: Global Hydrogen Fuel Cell Market in Stationary Applications, by FC Type, Through 2027
Table 41: Global Hydrogen Fuel Cell Market in Stationary Applications, by Region, Through 2027
Table 42: Cogeneration Applications and Technologies Used
Table 43: Properties of Micro-CHPs
Table 44: Properties of Micro-CHP(< 5kW)
Table 45: Performance Characteristics of Large-scale FC CHP
Table 46: Hydrogen Fuel Cells Market in Portable Power Units, by FC Type, Through 2027
Table 47: Hydrogen Fuel Cells Market in Portable Power Units, by Region, Through 2027
Table 48: Commercial Vehicle Production, 2021
Table 49: Hydrogen Fuel Cell Market in Transportation, by FC Type, Through 2027
Table 50: Passenger FCEVs in the Market
Table 51: FCEV Buses and Trucks in the Market
Table 52: Hydrogen Fuel Cell Market in Transportation, by Region, Through 2027
Table 53: Global Market for Hydrogen Fuel Cells, by Region, Through 2027
Table 54: APAC Market for Hydrogen Fuel Cells, by Country, Through 2027
Table 55: APAC Market for Hydrogen Fuel Cells, by Type, Through 2027
Table 56: APAC Market for Hydrogen Fuel Cells, by Application, Through 2027
Table 57: Stationary Fuel Cell Manufacturers in Japan
Table 58: Key Players in South Korean Power Generation Market
Table 59: Stationary FC Units in China
Table 60: North American Market for Hydrogen Fuel Cells, by Type, Through 2027
Table 61: North American Market for Hydrogen Fuel Cells, by Application, Through 2027
Table 62: Fuel Cell-Based CHP Installations, U.S.
Table 63: Stationary Fuel Cell Manufacturers, U.S., May 2019
Table 64: European Market for Hydrogen Fuel Cells, by Type, Through 2027
Table 65: Deployment Plans, FCH Applications, EU Participating Regions
Table 66: European Market for Hydrogen Fuel Cells, by Application, Through 2027
Table 67: Key New Product Developments, Fuel Cell Industry
Table 68: Key Expansion Activities in the Fuel Cell Industry
Table 69: Key Joint Ventures in the Fuel Cell Industry
Table 70: Key Memoranda of Understanding (Agreements) in the Fuel Cell Industry
Table 71: Key Acquisitions in the Fuel Cell Industry
Table 72: Publicly Disclosed Large-Scale Orders and Installations, 2019
Table 73: Publicly Announced 2019 Portable/Off-Grid Sales and Orders, 2019
Table 74: Products Offered by AFC Energy
Table 75: Products Offered by Ballard Power Systems
Table 76: Products Offered by Bloom Energy
Table 77: Products Offered by Ceres Power
Table 78: Convion OY: SOFC technology Goals
Table 79: Products Offered by Doosan Fuel Cell
Table 80: Acronyms Used in This Report
Table 81: Report Sources
List of Figures
Summary Figure: Global Market for Hydrogen Fuel Cells, by Application, 2021–2027
Figure 1: Fuel Cell Value Chain
Figure 2: Micro-CHP Value Chain Trend, 2020 and 2030
Figure 3: Large-Scale CHP Value Chain Trend, 2020 and 2030
Figure 4: Overall Global Impact of COVID-19 on the CHP Business
Figure 5: Employees Laid Off or Furloughed without Pay, Global Share
Figure 6: Percent of Projects Delayed for Those Experiencing Delays
Figure 7: Types of Fuel Cells and Suitable Applications
Figure 8: Global Market for Fuel Cells, by Type, 2021–2027
Figure 9: Global Market for Proton Exchange Membrane Fuel Cells, by Application, 2021–2027
Figure 10: Schematic Diagram of PEMFC
Figure 11: Schematic Diagram of DMFC
Figure 12: Global Market for Solid Oxide Fuel Cells, by Region, 2021–2027
Figure 13: Interconnects in SOFC
Figure 14: Schematic Diagram of SOFC
Figure 15: Planar SOFC Configuration
Figure 16: Thin-Film SOFC Configuration
Figure 17: Tubular SOFC Configuration
Figure 18: Global Market for Other Fuel Cell Types, by Region, 2021–2027
Figure 19: Working Model of MCFC
Figure 20: Cumulative Global Deployment of Large-Scale Stationary FC (>200 kW), by Type, 2007-2017
Figure 21: Global Market Shares of Fuel Cells, by Application, 2021
Figure 22: Typical Combustion Engine-Based CHP System
Figure 23: Fuel Cell-Based CHP System
Figure 24: Advantage of Combined Heat and Power Generation Using Fuel Cells
Figure 25: FCEV Operating Principle
Figure 26: Different Propulsion Systems in Vehicles
Figure 27: Weight of Different Vehicle Types as a Function of Vehicle Range
Figure 28: Energy Storage System Volume as a Function of Vehicle Range
Figure 29: Green House Gas Emissions as a Function of Vehicle Range
Figure 30: FCEV Market, by Vehicle Type, 2020
Figure 31: FC Vehicle Market, by Country, 2020
Figure 32: FC Passenger Vehicle Market, by Region, 2020
Figure 33: FC Bus Market, by Region, 2020
Figure 34: Global Market for Hydrogen Fuel Cells, by Region, 2021–2027
Figure 35: APAC Market for Hydrogen Fuel Cells, by Country, 2021–2027
Figure 36: APAC Market for Hydrogen Fuel Cells, by Type, 2021–2027
Figure 37: APAC Market Share for Fuel Cells, by Application, 2021
Figure 38: ENE-FARM Unit Mechanism
Figure 39: ENE-FARM Cost and Subsidies
Figure 40: ENE-FARM Project Sales Share, by Type, 2011–2015
Figure 41: Strategy and Roadmap, Japan, Hydrogen and Fuel Cells, 2020–2030
Figure 42: Countries and Their FCEV Targets
Figure 43: Strategy and Roadmap of South Korea for Hydrogen and Fuel Cells, 2020–2035
Figure 44: Stationary Fuel Cell Power Generation in South Korea, by Application, 2019
Figure 45: Fuel Cell Power Generation in South Korea, by Province, 2019
Figure 46: North American Market for Hydrogen Fuel Cells, by Type, 2021–2027
Figure 47: Cumulative Deployment of Large-Scale Stationary Fuel Cells in the U.S.
Figure 48: North American Market Share for Hydrogen Fuel Cells, by Application, 2021
Figure 49: Fuel Cell Installations as Backup Power, U.S., 2016
Figure 50: European Market for Hydrogen Fuel Cells, by Type, 2021–2027
Figure 51: Cumulative Deployment, Large-Scale Stationary Fuel Cells, Europe
Figure 52: European Market Share for Hydrogen Fuel Cells, by Application, 2021
Figure 53: European FCEV (Passenger Cars) Market Share, by Country, 2020
Figure 54: Ballard Power Systems, 2021
Figure 55: Bloom Energy, 2021
Figure 56: Doosan Fuel Cell, 2021

Executive Summary

The key contributor to growth is the stationary segment, especially combined heat and power (CHP) products, a technology that has evolved from the cogeneration process. Stationary systems provide electricity and sometimes heat and are immovable. Their output capacity generally ranges from 0.5 kW to 2 MW.

CHP systems are more efficient in fuel-to-energy conversion as they use heat generated during power generation. These systems are available in a wide range of power capability and sizes, making them popular for residential and commercial applications.

Companies Mentioned

  • Acal Energy Ltd.
  • Acumentrics Holding Corp.
  • Adelan UK Ltd.
  • Afc Enenrgy
  • Alpps Fuel Cell Systems
  • Alstom Technology
  • Altergy
  • Ariston Holding N.V.
  • Babcock & Wilcox
  • Ballard Power Systems
  • Bloom Energy
  • Ceres Power
  • Clara Venture Labs
  • Convion Oy
  • Cummins Inc.
  • Delphi Automotive
  • Doosan Fuel Cell
  • Elcogen As
  • Entwicklungs Und Vertriebsgesellschaft Brennstoffzelle
  • Ezelleron Inc.
  • Fuel Cell Technologies
  • Fuelcell Energy
  • Fuji Electric
  • General Electric Co.
  • George Westinghouse Research and Technology Park
  • H2 Power Tech
  • H2E Power Systems Inc.
  • Haldor Topsoe A/S/Topsoe Fuel Cell
  • Horizon Fuel Cells and Riversimple
  • Intelligent Energy
  • Itm Power
  • Kansai Electric Power Co. Inc.
  • Linde Boc
  • Logan Energy Corp.
  • Meidensha Corp.
  • Meridian Energy Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Nedstack Fuel Cell Technology
  • Palcan Fuel Cells Ltd.
  • Panasonic
  • Plug Power Inc.
  • Pohang Iron and Steel Co. (Posco)
  • Proton Motor Fuel Cell GmbH
  • Rolls-Royce Fuel Cell Systems Ltd.
  • Safcell
  • Shell Hydrogen Bv
  • Siemens Power Generation Inc.
  • Smart Fuel Cell AG (Sfc)
  • Solidpower
  • Staxera GmbH (Sunfire)
  • Sulzer Hexis AG
  • Sumitomo Corp.
  • Tokyo Gas Co. Ltd.
  • Toshiba Fuel Cell Power Systems Corp.
  • Toyota
  • Vaillant GmbH
  • Versa Power Systems Inc.
  • Violet Fuel Cell Sticks
  • Watt Fuel Cell Corp.

Table Information